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Saturday, 6 September 2008

It´s the stable measuring unit assumption, stupid!

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I do not remember that I have ever stated that I “accuse” Chartered Accountants of destroying value. I state that CAs unknowingly, unintenti...
Friday, 5 September 2008

Inflation destroys an extra R212.54 billion in real value and Mboweni gets a 27% salary increase.

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When our Chartered Accountants stop the stable measuring unit assumption as they are allowed to do by International Financial Reporting Stan...
Wednesday, 27 August 2008

R63.241 billion real value destroyed by CAs in 169 JSE listed companies

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Updated: July 2008 Annual amount unknowingly being destroyed by South African Chartered Accountants in the real value of Retained Earnings i...
Saturday, 16 August 2008

Abandoning the stable measuring unit assumption in South Africa

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Here are some notes about abandoning the stable measuring unit assumption. First of all, it is not the same as inflation accounting as can...
Sunday, 27 July 2008

Monetary items

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The second distinct economic item is a monetary item. Buy the ebook for $2.99 or £1.53 or €2.68 Monetary items constitute the Money...
Monday, 30 June 2008

The real value of Mboweni´s job

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Money supply (M3) as per the South African Reserve Bank at May 2008: R 1 808.971 billion Real value destroyed annually in the SA monetary ec...
Tuesday, 24 June 2008

Alan Greenspan: "Low inflation is what creates long-term sustainable economic growth"

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Alan Greenspan: "Low inflation is what creates long-term sustainable economic growth" Abandoning the stable measuring unit assumpt...
Saturday, 21 June 2008

No substance in the statement that the choices accountants make won't change that value and won't affect the economy

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NO SUBSTANCE IN THE STATEMENT THAT CHOICES SA ACCOUNTANTS MAKE WON´T AFFECT THE ECONOMY The debate of how to account for value has been a...
Tuesday, 3 June 2008

CA´s can prevent a destruction spiral in the real economy.

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Tito Mboweni: “A weaker exchange rate is usually a sign of high inflation, and unless the inflation problem is addressed, it can set in moti...
Friday, 30 May 2008

CA´s can pump 100´s of billions of Rands into the economy

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Finweek SA Chartered Accountants can pump hundreds of billions of Rand into the SA real economy for an indefinite period of time when they ...

Nicolaas Smith on 2008/05/30 01:09:08 AM - Re: Bradley

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Nicolaas Smith on 2008/05/30 01:09:08 AM - Re: Bradley Finweek "Not updating share capital doesnt destroy any value, not in any real s...

Nicolaas Smith on 2008/05/30 12:34:37 AM - Re: Ben

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Nicolaas Smith on 2008/05/30 12:34:37 AM - Re: Ben Finweek Ben, I am sure you will agree that it is not very easy to grasp something that t...

Ben on 2008/05/29 11:53:46 PM - Nicolaas

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Ben on 2008/05/29 11:53:46 PM - Nicolaas Finweek Are you serious? This would worsen inflation like you have no idea. Inflation targeting hi...

Nicolaas Smith on 2008/05/29 11:23:50 PM - Re: Logan

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Nicolaas Smith on 2008/05/29 11:23:50 PM - Re: Logan Buy the ebook for $2.99 or £1.53 or €2.68 "Isn't the monthly inflati...

Logan on 2008/05/29 10:54:06 PM - Maybe we need change

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Logan on 2008/05/29 10:54:06 PM - Maybe we need change ! If the aNC does decide to relax the inflation targets a bit that won't be a pr...

"OK, so what measure of inflation do we use?"

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Nicolaas Smith on 2008/05/29 11:15:17 PM - Re: Neelsie Naamloos Finweek "OK, so what measure of inflation do we use" CPI wh...

Neelsie Naamloos on 2008/05/29 10:43:07 PM - Nicolaas Smith

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Neelsie Naamloos on 2008/05/29 10:43:07 PM - Nicolaas Smith OK, so what measure of inflation do we use, should it be a one-sided decision b...

"where is TITO? In the "real economy" or in the "monetary economy"?"

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Nicolaas Smith on 2008/05/29 10:19:37 PM - Re: Benzo Finweek "where is TITO? In the "real economy" or in the "monetary ...

Benzo on 2008/05/29 09:36:42 PM - Nic Smith

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Benzo on 2008/05/29 09:36:42 PM - Nic Smith "South African's sound economic policies" ???? where is TITO? In the "real e...

Nicolaas Smith on 2008/05/29 09:28:26 PM - Re: Viparo

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Nicolaas Smith on 2008/05/29 09:28:26 PM - Re: Viparo Finweek Viparo, For example: cars are variable items - their prices vary in the car m...